Local stocks ended Tuesday’s session virtually unchanged as investors balanced optimism over potential diplomatic breakthroughs in the Middle East against domestic concerns regarding tightening monetary policy. The Philippine Stock Exchange index (PSEi) edged up 2.67 points, or 0.04 percent, to...
The Philippine Stock Exchange index (PSEi) managed to advance on Monday, April 20, despite news that the Strait of Hormuz remains closed amid mixed signals from the United States (US) and Iran regarding their peace talks. The main index added 16.9 points, or 0.28 percent, to close at 6,016.03....
The Philippine Stock Exchange index (PSEi) fell below the 6,000 level on Friday, April 17, as investors cashed out ahead of the weekend amid concern over the economic impact of the oil crisis. The main index lost 64.56 points, or 1.06 percent, to close the week at 5,999.13. Conglomerates led the...
Local stocks ended the volatile session virtually unchanged as investors weighed the prospect of extended diplomatic talks in the Middle East against the persistent threat of crude-driven inflation. The Philippine Stock Exchange index (PSEi) edged up 0.34 point, or 0.01 percent, to close at...
The Philippine Stock Exchange index (PSEi) bounced on Wednesday, April 15, as news of another round of United States (US)-Iran talks led to some bargain hunting. The main index added 50.25 points, or 0.84 percent, to close at 6,063.35. Banks and services led the advance across the board. Volume...
Local equities market extended its decline on Tuesday, April 14, as escalating tensions in the Middle East and domestic political instability dampened investor appetite, offsetting otherwise positive global leads. The Philippine Stock Exchange index (PSEi) retreated 40.95 points, or 0.68 percent,...
The Philippine Stock Exchange index (PSEi) declined on Monday, April 13, after hopes for an early resolution of the Middle East conflict were dashed because the United States (US)-Iran talks failed and US President Donald Trump issued more threats. The main index lost 44.16 points, or 0.72 percent,...
This week, stock market investors will continue to take cues from developments in the Middle East, particularly whether the temporary ceasefire will hold and if there will be progress in United States (US)-Iran negotiations. “Investors are expected to monitor developments among the countries...
Local stocks finished marginally higher in thin trading on Friday, April 10, as investors balanced optimism from a Wall Street rally against heightened anxiety over upcoming geopolitical negotiations. The Philippine Stock Exchange index (PSEi) edged up 8.30 points, or 0.14 percent, to end the week...
The Philippine Stock Exchange index (PSEi) rallied back to the 6,000 level on Wednesday, April 8, after the United States (US) and Iran agreed to a ceasefire, which led to a drop in oil prices. The main index surged by 132.04 points, or 2.22 percent, to close at 6,089.91. Miners led the charge...
The Philippine Stock Exchange index (PSEi) inched up on Tuesday, April 7, as bargain hunting prevailed despite the impact of the higher-than-expected inflation rate on investor sentiment. The main index added 9.54 points, or 0.16 percent, to close at 5,957.87. Miners led the advance while the...
Maya Innovations Holdings Pte. Ltd., the fintech arm of telecommunications giant PLDT Inc., is maintaining its ambition to pursue a $1 billion initial public offering as early as this year, even as escalating geopolitical tensions in the Middle East threaten to disrupt global capital markets....
